RBI transfers Rs 57k crore surplus to govt for 2019-20

The Reserve Bank of India (RBI) on Friday announced a dividend payout of Rs 57,128 crore to the government, in line with Budget expectations but not enough to make up for revenue shortfalls from other heads. This year’s dividend is not comparable to last year’s surplus transfer of Rs 1,76,051 crore, which included a one-time transfer of extra reserves in line with the recommendation of the Bimal Jalan-headed committee.

from Times of India https://ift.tt/342oaCQ
The Reserve Bank of India (RBI) on Friday announced a dividend payout of Rs 57,128 crore to the government, in line with Budget expectations but not enough to make up for revenue shortfalls from other heads. This year’s dividend is not comparable to last year’s surplus transfer of Rs 1,76,051 crore, which included a one-time transfer of extra reserves in line with the recommendation of the Bimal Jalan-headed committee. https://ift.tt/eA8V8J August 15, 2020 at 04:00AM https://ift.tt/2hJjhqE